Additional Merger Consideration definition
Examples of Additional Merger Consideration in a sentence
Acquisition Co. recognizes that the Stockholders may lose the intended benefit of the Additional Merger Consideration (as provided in the Merger Agreement) if the circumstances causing the Contingent Share Rights to become void occur during the period prior to the Release Date.
In such event, Acquisition Co. agrees to promptly thereafter issue to each Stockholder the Additional Merger Consideration attributable to such Stockholder’s Company Common Stock unless the circumstances causing the Contingent Share Rights to become void are satisfied following the Release Date (including any extension of the Lock-up Period under Section 2(a) of this Agreement).
In the event that any Additional Merger Consideration is paid by the Company to holders of Common Stock pursuant to Section 2.02 of the Merger Agreement as of a record date subsequent to the purchase from a Xxxxxx Stockholder of any Note Shares pursuant to this Article 1, the Parent shall pay or cause the Company to pay to such Xxxxxx Stockholder in cash an amount per Note Share equal to the amount of Additional Merger Consideration per share of Common Stock so paid by the Company.
Additional Merger Consideration shall only be paid to those Persons who receive the Closing Merger Consideration.
No consideration will be paid for options which have exercise prices in excess of the Closing Merger Consideration plus the Additional Merger Consideration, if any.